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MSE News: OFT 'to drop' bank charges case
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# 1
MSE Jenny
Old 18-12-2009, 5:51 PM
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Default MSE News: OFT 'to drop' bank charges case

This is the discussion thread for the following MSE News Story:


Updated news - also see:




Last edited by MSE Guy; 21-12-2009 at 5:04 PM.
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# 2
Sol00
Old 19-12-2009, 1:31 AM
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Gosh that's quicker than I was expecting. Hopefully they will decide to continue to challenge this.
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# 3
pingchris
Old 19-12-2009, 3:45 AM
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Quote:
Originally Posted by Sol00 View Post
Gosh that's quicker than I was expecting. Hopefully they will decide to continue to challenge this.
the cat is out of the bag,hopefully they will continue.
missed direct debit charges,very odd,theres no pain so how come the big gain,i.e 39.00 for a letter
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# 4
natweststaffmember
Old 19-12-2009, 8:53 AM
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It will be interesting to say how or if they are going to proceed.
I have not worked for NatWest Bank since February 2009

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# 5
phoenixx
Old 20-12-2009, 5:47 PM
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Really hope that OFT does the right thing and pursues the issue. Is the only moral course of action now. Even though banks have scuttled like snakes behind stones and lowered their fees - like they are doing us a favour!!
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# 6
cifpower
Old 21-12-2009, 1:17 PM
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Default OFT will not pursue legal action about overdraft fees

Breaking News on Sky:

OFT will not pursue legal action against the banks regarding overdraft fees


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# 7
Premier
Old 21-12-2009, 1:31 PM
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"Sky sources say"

http://news.sky.com/skynews/Home/Bus...Overdraft_Fees
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# 8
c0sie
Old 21-12-2009, 1:40 PM
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So the last few years of my life, checking this forum, reading the emails, believing the hype...

All wasted?
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# 9
MrLeeLee
Old 21-12-2009, 1:53 PM
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What a load of old crap, totally predictable. Thanks for nothing.
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# 10
langfor
Old 21-12-2009, 1:59 PM
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SKY NEWS...

Overdraft Fees: Case Against Banks Dropped


Banks will face no further legal action from the Office of Fair Trading (OFT) regarding their overdraft fees, Sky sources say.

The OFT lost a test case last month, when the Supreme Court ruled that banks were entitled to charge for unauthorised overdrafts.
However, the judges suggested the case could be brought to court again using a different legal argument.
More follows...
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# 11
MrLeeLee
Old 21-12-2009, 2:01 PM
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At the moment it's not been confirmed but someone has leaked something somewhere along the lines. Lets not forget even after the slip came out about the OFT making a statement on Tuesday, they were still denying it!

Pathetic, just totally pathetic.
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# 12
Premier
Old 21-12-2009, 3:12 PM
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Quote:
Originally Posted by c0sie View Post
So the last few years of my life, checking this forum, reading the emails, believing the hype...

All wasted?
No, lot's more debating to come, I'm sure

Quote:
...the Government, the Treasury and the OFT may yet still be involved in some sort of negotiations with the banks...
http://news.sky.com/skynews/Home/Bus...Overdraft_Fees
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# 13
baldeagle09
Old 21-12-2009, 3:14 PM
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Typically speedy response from Latest MSE News. You would have thought they would have been communicating with OFT
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# 14
Alpine Star
Old 21-12-2009, 3:17 PM
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Originally Posted by baldeagle09 View Post
Typically speedy response from Latest MSE News. You would have thought they would have been communicating with OFT
To be fair to MSE they have been communicating with them but the OFT are not commenting to anyone on the Sky story.
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# 15
natweststaffmember
Old 21-12-2009, 3:31 PM
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Originally Posted by MrLeeLee View Post
What a load of old crap, totally predictable. Thanks for nothing.
Glad to see you have been quick to give up. The problem we have is simple. the waters remain muddied and so if the OFT don't do anything whatsoever now, then their hand will be forced again. Doing NOTHING is not really an option to be honest.
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# 16
esmerellda
Old 21-12-2009, 3:33 PM
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Everyone should just wait for 7am tmw morning xx



JULY 2013 - 50 x Crocus Bulbs - Insight Guide to UTAH - Paul Mitchell Shampoo & Conditioner
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# 17
MrLeeLee
Old 21-12-2009, 3:34 PM
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Quote:
Originally Posted by natweststaffmember View Post
Glad to see you have been quick to give up. The problem we have is simple. the waters remain muddied and so if the OFT don't do anything whatsoever now, then their hand will be forced again. Doing NOTHING is not really an option to be honest.
Who said anything about giving up? I certainly won't be, I can promise you that!
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# 18
natweststaffmember
Old 21-12-2009, 3:35 PM
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Originally Posted by natweststaffmember View Post
It will be interesting to say how or if they are going to proceed.
I'm still interested to see what THEIR view is and what the view of MSE is as well.
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# 19
marcharrison1979
Old 21-12-2009, 3:39 PM
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Quote:
Originally Posted by langfor View Post
SKY NEWS...

Overdraft Fees: Case Against Banks Dropped


Banks will face no further legal action from the Office of Fair Trading (OFT) regarding their overdraft fees, Sky sources say.

The OFT lost a test case last month, when the Supreme Court ruled that banks were entitled to charge for unauthorised overdrafts.
However, the judges suggested the case could be brought to court again using a different legal argument.
More follows...
Well if that's true it's really really sad. Just another sorry tale to go with all the other ones in 2009. Personally I think we should burn all records of the last decade and make sure it gets lost in time forever. It certainly has proved to be 10 of mankinds worst years, that's for sure. If the next 10 are like it, I can't see the point of carrying on to be honest, let's hope 2012 comes true eh?
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# 20
natweststaffmember
Old 21-12-2009, 3:42 PM
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Quote:
Originally Posted by marcharrison1979 View Post
Well if that's true it's really really sad. Just another sorry tale to go with all the other ones in 2009. Personally I think we should burn all records of the last decade and make sure it gets lost in time forever. It certainly has proved to be 10 of mankinds worst years, that's for sure. If the next 10 are like it, I can't see the point of carrying on to be honest, let's hope 2012 comes true eh?
It is true, London will host the Olympic Games in 2012
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